Healthcare of Ontario Pension Plan Trust Fund Trims Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Healthcare of Ontario Pension Plan Trust Fund cut its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 68.3% in the third quarter, Holdings Channel reports. The firm owned 100,000 shares of the business services provider’s stock after selling 215,300 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ExlService were worth $3,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService in the third quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. raised its position in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 574 shares during the last quarter. Huntington National Bank raised its position in ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the last quarter. GAMMA Investing LLC boosted its stake in ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider’s stock worth $55,000 after purchasing an additional 391 shares during the period. Finally, UMB Bank n.a. grew its position in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Price Performance

ExlService stock opened at $46.36 on Friday. The company has a market cap of $7.46 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.99. ExlService Holdings, Inc. has a one year low of $28.00 and a one year high of $47.37. The business has a fifty day moving average of $41.67 and a two-hundred day moving average of $35.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. As a group, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total value of $4,207,000.00. Following the completion of the transaction, the chief executive officer now owns 1,190,240 shares in the company, valued at $50,073,396.80. This trade represents a 7.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by insiders.

Analysts Set New Price Targets

EXLS has been the subject of several recent research reports. Citigroup increased their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $42.00 in a research report on Monday, September 9th. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.